Ryan has been releasing an annual plan to sledgehammer U.S. spending for years now, but this time, the mighty hammer falls with a bit of a tailwind. Our deficits are already going down, by a lot. First was the Budget Control Act of 2011, which scheduled $900 billion of cuts over the next ten years. Second was the Fiscal Cliff Deal, which raised taxes on family income over $450,000. Third was the sequester, which cuts another $1.2 trillion -- half from defense, half from non-defense -- over the next decade.
Ryan pockets all of those savings. And he goes further. Much further. He repeals Obamacare. He cuts federal support for Medicaid. He cuts another $1 trillion from "mandatory spending", which is a deceptively anodyne catch-all for mostly (a) cash assistance to the unemployed, low-income, and veterans, and (b) retirement programs for vets and federal employees.
But this budget is as notable for what it cuts as for what it doesn't cut. Social Security, defense, and Medicare -- together making up about half of the federal budget -- would scarcely be cut at all. After all, it's hard to win a Republican election if you abandon old voters and the defense industry. As for health care and cash support for the poor? That's where the hammer hits.